my bbi valuation / dbct sale flows, page-27

"The reset terms can't be that good because it would be uneconomic for BBI."

Would disagree with that, the directors should act in the best interests of the owners, if that means slightly less value as a company but more value for holders then so be it.

Unless the share price is close enough to $1 they must pay off BEPPA, there is no choice in the matter, dilution is the absolute worst possible outcome for shareholders so they should go through every other avenue first.

Offering say a ridiculous 20% interest for 3 years is what, $420 million or roughly 15 cents per share, that's certainly preferable to losing like 70% of value through dilution.